SILVER SPRING, Md.– FedFinancial FCU said it is now offering to members “SpendFlex,” a branded buy now, pay later (BNPL) offering.
According to the credit union, the new solution, which is being provided through equipifi, a BNPL SaaS designed for financial institutions, is available through the CU’s banking core and mobile app and “extends personalized offers to members that align with their financial health on eligible debit card transactions.”
FedFinancial FCU said its members will be able to access SpendFlex to view and accept offers within seconds.
‘Valuable Solutions’
"Our credit union is committed to providing valuable financial solutions to federal employees, and they deserve a flexible spending tool provided by their trusted financial institution," President and CEO Jonathan Rhodes said in a statement. "equipifi's BNPL solution is intuitive for our members and easy to manage, so we can provide immediate financing opportunities at an interest rate much lower than they receive elsewhere."
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